18th Oct 2016 08:57
LONDON (Alliance News) - Sequoia Economic Infrastructure Income Fund Ltd on Tuesday said it has issued shares to its investment manager to cover fees owned for the third quarter of 2016.
The fund, which invests in infrastructure sector debt, said it has issued 196,908 shares to Sequoia Investment Management Co, its investment manager, at 113.50 pence per share. Shares in Sequoia were up 1.1% at 115.00p on Tuesday.
The company also declared a 1.50p dividend for the third quarter of 2016, compared to the 1.00p it paid out a year prior.
By Sam Unsted; [email protected]; @SamUAtAlliance
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Sequoia Economic Infrastructure Fund